Minimally Invasive Surgery Devices Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Medtronic, Johnson & Johnson, B. Braun Melsungen, Smith & Nephew

The Minimally Invasive Surgery Devices Market size was valued at US$ 60,750.2 million in 2021, and expected to increase to US$ 93,836.6 million by 2027, at a CAGR of 10.3% from 2022 to 2027.

Minimally Invasive Surgery Devices Market Overview

Minimally invasive surgery is connected with less discomfort, fewer complications, and a shorter hospital stay. Minimally invasive surgical techniques are used to perform procedures in the fields of cardiothoracic surgery, gastroesophageal reflux disease, gastroenterology, gynecological surgery, heart surgery, pediatric surgery, urogynecology and pelvic reconstructive surgery, and urological surgery. Minimally invasive surgery allows for the performance of both diagnostic and therapeutic procedures. One of the primary segments of surgery devices, minimally invasive surgery devices, is predicted to increase at the fastest rate. Rising economic growth, an ageing population, and an increase in chronic disease prevalence are the main drivers impacting the market's expansion. The World Health Organization (WHO) predicts that the burden of chronic diseases would increase to 60% by 2020 and that 79 percent of deaths from these diseases will take place in developing nations.

Furthermore, an increase in the number of minimally invasive operations has been a crucial element affecting market growth. The demand for minimally invasive surgery is rising as a result of the significant advantages associated with these treatments, such as small or no incisions, short hospital stays, less discomfort, quick recovery times, reduced scarring, and decreased blood loss. The market for minimally invasive surgical devices has benefited from the growing acceptance of non-robotic minimally invasive surgery. However, obstacles including strict government regulations and expensive surgical equipment are impeding the market expansion for minimally invasive surgery devices.

Industry News and Updates:

November 18, 2020: ABBOTT STRENGTHENS STRUCTURAL HEART PORTFOLIO WITH NEW CLIP DELIVERY SYSTEM FOR NON-INVASIVE TREATMENT OF LEAKY MITRAL VALVES --

Abbott, the global healthcare company, has launched its clip delivery system, a minimally invasive heart valve repair device to treat mitral regurgitation in India. This product puts new technology into the hands of physicians by giving them a life-saving treatment option that may be used for people suffering from mitral regurgitation due to a heart defect or as a result of heart failure.

What are the major Applications, Types and Regions for Minimally Invasive Surgery Devices Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Handheld Instruments


• Inflation Systems


• Cutter Instruments


• Guiding Devices


• Electrosurgical Devices


• Auxiliary Instruments


• Others

By Application, it is segmented into

• Hospitals


• Clinics


• Ambulatory Surgical Centers


• Others

Minimally Invasive Surgery Devices Market Regional Analysis

America is expected to dominate the global market for minimally invasive surgery devices because to its large patient population, high healthcare spending, advanced technology, and concentration of major competitors. Additionally, the Population Reference Bureau projects that by 2060, there will be more than 98 million Americans over the age of 65, up from 46 million in 2014. People who are elderly are more vulnerable to several ailments. The large geriatric population in America has supported the market's expansion. The expansion of the minimally invasive surgical device industry in America has also been aided by rising government funding for the creation of cutting-edge technology and a strong healthcare system.

Europe is predicted to rank second in the global market for minimally invasive surgery devices. Asia Pacific is the fastest growing minimally-invasive surgery devices market owing to the increasing need for better monitoring devices, rapidly improving technology and the presence of a huge patient pool. The presence of a sizable geriatric population and sizable potential for the growth of this industry have also paved the way for market expansion. Because of the region's rapidly expanding economies, the rising availability of cash, and the rising demand for the devices, several manufacturers are attempting to increase their presence there.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Minimally Invasive Surgery Devices Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Minimally Invasive Surgery Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Minimally Invasive Surgery Devices Market report scope?

Key Takeaways from this Minimally Invasive Surgery Devices Market Report

• Evaluate Minimally Invasive Surgery Devices market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Minimally Invasive Surgery Devices market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Minimally Invasive Surgery Devices Market?

The Minimally Invasive Surgery Devices Market is growing at a CAGR of 10.3% over the next 5 years.

Who are the key players in Minimally Invasive Surgery Devices Market?

Medtronic, Johnson & Johnson, B. Braun Melsungen, Smith & Nephew, Zimmer Biomet, Abbott Laboratories, Stryker, Applied Medical, Microline Surgicals, Conmed, Siemens Healthineer AG, Ethicon, Inc. (Johnson & Johnson), Depuy Synthes, GE Healthcare, Intutive Surgical, Inc., Nuvasive, Inc.

What are the significant types of Minimally Invasive Surgery Devices Market?

Handheld Instruments, Inflation Systems, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Instruments, Others

What are the major end-use applications of Minimally Invasive Surgery Devices Market?

Hospitals, Clinics, Ambulatory Surgical Centers, Others

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